GPS Tracking refers to the use of location-based devices installed in vehicles, trucks or machinery to monitor asset movement in real time. Lenders and businesses use GPS tracking to improve recoverability, reduce theft, and manage commercial fleets more efficiently. GPS tracking is commonly used in Low Doc Asset Finance, for fleets in the Truckie Hub, and for service vehicles in the Tradie Hub. Relevant blogs include: Fleet Finance Approval and Multiple Vehicle Loans Cashflow.

Why GPS Tracking Matters

GPS reduces lender risk because it provides visibility over financed assets. For businesses, it improves safety, route planning and operational efficiency, especially for truck fleets and tradie vehicles.

• Helps recover stolen or missing vehicles
• Supports fleet and logistics management
• Reduces insurance risk
• Improves driver safety and compliance
• Required by some lenders for high-value trucks or machinery

How GPS Tracking Works

• A GPS device is installed on the vehicle or machinery
• Location is monitored through a secure tracking platform
• Alerts can notify owners of theft, movement or tampering
• Lenders may request GPS for high-risk or high-value assets
• Fleet owners use it for route optimisation and utilisation tracking

Official reference: business.gov.au